We were both of the opinion that, with a lot of markets world-wide hitting new highs, there are not a lot of deep value ideas around.

There must be deep value ideas somewhere

This got me thinking that in a few industries and countries there may just be a few interesting deep value ideas.

I thus started playing around with the screener to see if I can come up with a few ideas for you.

Best value ratio

I used Earnings yield (EBIT / Enterprise value) the Rolls Royce of valuation measures to look for ideas.

This is because it uses earnings before interest and taxes (EBIT) which is comparable across countries with different tax rates, and enterprise value calculated as (market value + debt – cash) which takes the capital structure of the company into consideration.